Weak GDP number latest dampener to optimism over Ramaphosa

The latest official data showing South Africa’s economy contracted in the first quarter of this year is the latest dampener to the optimism triggered by President Cyril Ramaphosa’s swearing in to replace Jacob Zuma in February. Critics are still giving Ramaphosa leeway to turn around an economy that stagnated under Zuma’s watch, amid allegations of corruption involving senior government officials including the former president himself, and top executives in state owned companies.